THE FEDERATION OF INDEPENDENT ILLI… - Form 990 Financial Data

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Financial Vulnerability Assessment (Tuckman-Chang)

4 risk indicators measuring financial stability and operational resilience

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Financial Trends

Organization Details

Formation Year

1965

Legal Domicile

Principal Officer

DAVID TRETTER

Phone

2177891400

Tax Period

2024-01-01 to 2024-12-31

THE FEDERATION OF INDEPENDENT ILLINOIS COLLEGES AND UNIVERSITIES, founded in 1965, is a community nonprofit that reported $1.1M in total revenue in fiscal year 2024.

Mission

THE FEDERATION OF INDEPENDENT ILLINOIS COLLEGES AND UNIVERSITIES IS THE OLDEST PRIVATE COLLEGE ASSOCIATION IN THE NATION. THE FEDERATION IS AN ADVOCACY ORGANIZATION THAT REPRESENTS THE PUBLIC POLICY INTERESTS OF ILLINOIS' NON-PROFIT PRIVATE COLLEGES AND UNIVERSITIES WITH A MEMBERSHIP OF 60 INSTITUTIONS FROM ALL REGIONS OF THE STATE. THE FEDERATION IS A UNIFIED VOICE ON BEHALF OF THE INDEPENDENT SECTOR OF HIGHER EDUCATION IN ILLINOIS.

Program Service Accomplishments

Program 1

TO SEEK AND TO SECURE SUCH LEGISLATION AS MAY BE NECESSARY TO PROTECT THE RIGHTS AND PRIVILEGES GUARANTEED THE MEMBER INSTITUTIONS, BY THEIR CHARTERS AND THE CONSTITUTION OF THE STATE OF ILLINOIS AND TO ENSURE INDEPENDENT INSTITUTIONS OF HIGHER LEARNING IN ILLINOIS BE GIVEN APPROPRIATE RECOGNITION BY STATE AND FEDERAL AGENCIES AND PROGRAMS CHARGED WITH THE RESPONSIBILITY OF IMPROVING HIGHER EDUCATION.

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Trantor Score

Financial Health Score (300–850) · Liquidity · Solvency · Sustainability · Efficiency

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Liquidity (40%) • Solvency (30%) • Sustainability (20%) • Efficiency (10%)

Financial Overview (2024)

Revenue Breakdown

Contributions & Grants $991,709

Program Service Revenue $0

Investment Income $34,033

Other Revenue $52,362

TOTAL REVENUE $1,078,104

Expense Breakdown

Grants Paid $2,500

Salaries & Benefits $815,290

Fundraising Expenses $0

Other Expenses $356,095

TOTAL EXPENSES $1,173,885

Year-over-Year Comparison

	2024	2023	Change
Revenue	$1,078,104	$1,000,795	+0.1%
Expenses	$1,173,885	$1,095,399	+0.1%
Net Income	$-95,781	$-94,604	+0.0%

Key Indicators

✗ Grants to Organizations ✗ Grants to Individuals ✗ Lobbying ✓ Political Activity ✗ Foreign Activities ✗ Donor Advised Fund ✗ Schedule B Required

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Financial Health Indicators

Comprehensive financial analysis: Altman Z-Score, liquidity, solvency, sustainability, efficiency, and growth metrics

Financial Distress Indicator

Liquidity & Cash Position

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Altman Z-Score • Liquidity Ratios • Solvency Analysis • Growth Indicators • Efficiency Metrics

Governance

Voting Members

Independent Members

Employees

Volunteers

Governance Policies

✓ Conflict of Interest Policy

✓ Whistleblower Policy

✗ Document Retention Policy

Special Practices & Reported Activities

✗ Operated a School

✗ Operated a Hospital

✗ Provided First Class Travel

✗ Reported Conflict of Interest

✗ Reported Asset Diversion

✗ Excess Benefit Transaction

✗ Made Political Expenditures

✗ Engaged in Lobbying

✗ Operated Donor Advised Fund

✗ Maintained Art Collections

✗ Filed Form 720

Compensation of Officers, Directors & Key Employees

Total Officers

Total Directors

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
AARON J KUECKER	MEMBER	1.00	Director	$0	$0	$0
ALI MALEKZADEH	MEMBER	1.00	Director	$0	$0	$0
ANDREA TALENTINO	MEMBER	1.00	Director	$0	$0	$0
ARVID JOHNSON	MEMBER	1.00	Director	$0	$0	$0
BARBARA FARLEY	MEMBER	1.00	Director	$0	$0	$0
BRIAN MCGEE	MEMBER	1.00	Director	$0	$0	$0
C ANDREW MCGADNEY	MEMBER	1.00	Director	$0	$0	$0
CHARLENE S AARON	MEMBER	1.00	Director	$0	$0	$0
CHARLES GREGORY	MEMBER	1.00	Director	$0	$0	$0
CLARENCE R WYATT	MEMBER	1.00	Director	$0	$0	$0
DANIEL DOBBINS	MEMBER	1.00	Director	$0	$0	$0
DAVID LIVINGSTON	SECRETARY TREASURER	1.00	Officer Director	$0	$0	$0
DONNA CARROLL-INTERIM	MEMBER	1.00	Director	$0	$0	$0
DR JAMEL SANTA CRUZE WRIGHT	MEMBER	1.00	Director	$0	$0	$0
DR TROY VANAKEN	MEMBER	1.00	Director	$0	$0	$0
ELISSA TENNY	MEMBER	1.00	Director	$0	$0	$0
GENE CRUME JR	MEMBER	1.00	Director	$0	$0	$0
GLENA TEMPLE	MEMBER	1.00	Director	$0	$0	$0
GREGG CHENOWETH	MEMBER	1.00	Director	$0	$0	$0
JAMES M REYNOLDS	MEMBER	1.00	Director	$0	$0	$0
JILL M BAREN	MEMBER	1.00	Director	$0	$0	$0
JOHN WILLIAMS	MEMBER	1.00	Director	$0	$0	$0
JOSEPH PD STIEFEL	MEMBER	1.00	Director	$0	$0	$0
KATHLEEN GOEPPINGER	MEMBER	1.00	Director	$0	$0	$0
KWANG-WU KIM	MEMBER	1.00	Director	$0	$0	$0
LAURIE M JOYNER	MEMBER	1.00	Director	$0	$0	$0
LAURIE SHANDERSON	MEMBER	1.00	Director	$0	$0	$0
M WASIULLAH KHAN	MEMBER	1.00	Director	$0	$0	$0
MARK BIERMANN	MEMBER	1.00	Director	$0	$0	$0
MARK COLIP OD	MEMBER	1.00	Director	$0	$0	$0
MARK REED	MEMBER	1.00	Director	$0	$0	$0
MARK WAGNER	MEMBER	1.00	Director	$0	$0	$0
MARY SURRIDGE	MEMBER	1.00	Director	$0	$0	$0
MATT GAWENDA	MEMBER	1.00	Director	$0	$0	$0
MICHAEL SCHILL	MEMBER	1.00	Director	$0	$0	$0
NICHOLAS PERRIN	MEMBER	1.00	Director	$0	$0	$0
NIVINE MEGAHED	MEMBER	1.00	Director	$0	$0	$0
PATRICIA LYNOTT	MEMBER	1.00	Director	$0	$0	$0
PAUL ALIVISATOS	MEMBER	1.00	Director	$0	$0	$0
PHILIP RYKEN	MEMBER	1.00	Director	$0	$0	$0
RAJ ECHAMBADI	MEMBER	1.00	Director	$0	$0	$0
RAYMOND CROSSMAN	MEMBER	1.00	Director	$0	$0	$0
REBECCA SHERRICK	MEMBER	1.00	Director	$0	$0	$0
REYES GONZALEZ	MEMBER	1.00	Director	$0	$0	$0
ROBERT L MANUEL	MEMBER	1.00	Director	$0	$0	$0
ROSEANNE ROSENTHAL	MEMBER	1.00	Director	$0	$0	$0
RUSSELL P DAWN	MEMBER	1.00	Director	$0	$0	$0
S GEORGIA NUGENT	MEMBER	1.00	Director	$0	$0	$0
SHANNON LIZER	MEMBER	1.00	Director	$0	$0	$0
SHEILA MINGEE	MEMBER	1.00	Director	$0	$0	$0
STEPHEN STANDIFIRD	MEMBER	1.00	Director	$0	$0	$0
SUSAN FREEMAN	MEMBER	1.00	Director	$0	$0	$0
SUZANNE DAVIS	MEMBER	1.00	Director	$0	$0	$0
THERESE SCANLAN	MEMBER	1.00	Director	$0	$0	$0
TRACY POELVOORDE	MEMBER	1.00	Director	$0	$0	$0
WENDY RHEAULT	MEMBER	1.00	Director	$0	$0	$0
DAVID TRETTER	PRESIDENT	40.00	Highest	$392,377	$102,186	$494,563
JOAN KNOX	VICE PRESIDENT OF GOVERNMENT	40.00	Highest	$159,534	$55,407	$214,941

Note: Compensation data is self-reported by the organization on their Form 990. "Reportable Comp" includes salary, bonuses, and other reportable compensation from the organization and related organizations. "Other Comp" includes benefits, deferred compensation, and non-taxable benefits.

Historical Data

Year	Revenue	Expenses	Assets	Net Income
2024	$1,078,104	$1,173,885	$1,071,119	$-95,781
2023	$1,000,795	$1,095,399	$1,147,004	$-94,604
2022	$1,022,119	$1,058,311	$1,191,928	$-36,192
2021	$1,085,486	$980,631	$1,237,607	$104,855
2020	$1,094,206	$1,053,293	$1,184,669	$40,913
2019	$1,045,590	$1,064,291	$1,113,640	$-18,701
2018	$1,069,910	$896,419	$1,125,660	$173,491

THE FEDERATION OF INDEPENDENT ILLINOIS COLLEGES AND UNIVERSITIES